NVIDIA shares climbed toward the $200 level on July 31, 2026. Cathie Wood’s ARK Invest increased its stake in the AI chipmaker during the recovery. Strong cloud infrastructure spending reports from Microsoft and Amazon further boosted market sentiment. Analysts remain largely bullish, citing significant upside from sustained AI infrastructure demand.
Investors continue to weigh risks regarding NVIDIA’s potential involvement in circular financing. The company faces credit risks from large-scale projects, including a possible financing backstop for an OpenAI data center. Reports of insider selling and increased short positions from Michael Burry highlight ongoing debates over valuation and growth sustainability.